Food-Grade Gases Market Size, Trends & Analysis - Forecasts to 2026 By Type of Application (Freezing & Chilling, Packaging, Carbonation, and Others [Hydrogenation, Blanketing, Purging, and Sparging]) By Type (Carbon Dioxide, Nitrogen, Oxygen, and Others [Hydrogen and Argon]), By Type of End-User (Meat, Poultry, & Seafood Products, Dairy & Frozen Products, Beverages, Fruits & Vegetables, Convenience Food Products, Bakery & Confectionery Products, and Others), By Type of Mode of Supply (Bulk and Cylinder), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Food-Grade Gases Market Insights
The food-grade gas market is inspected to mark the extolled extension of CAGR during the estimated duration (2020-2026). Food-grade gases are additive used to aid the process of freezing, chilling, grinding, and packaging a variety of food supplies that include, meat, poultry, bakery & confectionery items, and so on. The purpose of addition to food-grade gases is to preserve and prolong the longevity along with sustaining the quality of the products. The characteristics that serve in engineering the market would be the augmentation for food exports, expenditures by firms for high-tech food upkeep, enrichment of the food nutritive-value, notoriety of advanced packagings such as modified atmosphere packaging (MAP), controlled atmosphere packaging (CAP), & oxygen scavenger and active packaging, an extension of shelf-life, and awareness of food safety amongst consumers.
Food-Grade Gases Market: By Type of Application
The applications of the food-grade gas market are packaging, carbonation, and freezing & chilling among others. The other segments include hydrogenation, blanketing, purging, and sparging among others. The freezing & chilling segment will develop at an exponential frequency between the forecast period. The smart food packaging increase shelf-life, and cost-effectivity. The increasing demand for frozen food items is propelling the market growth for the freezing & chilling segment.
Food-Grade Gases Market: By Type
By type, the market is explained into nitrogen, carbon dioxide, and nitrogen, among others. Carbon dioxide is usually practiced in effervescing soft drinks, beverages, and alcohol for better aroma and flavor, as well as used to administer alkali water. It will be considered to exert the market due to the facets such as an addition in smart food packaging, awareness amongst people to begin a healthier lifestyle, and liberty of consumption.
Food-Grade Gases Market: By Type of End-User
By end-use, the market is segregated into poultry, seafood products, and meat, bakery & confectionery products, dairy & frozen products, convenience food products, beverages, and fruits & vegetables among others. Dairy & frozen foods were popular during the preceding times, but meat, poultry, and seafood products will be the hype of the market as to overcome lipid oxidation and restrain microbial growth to extend the shelf-life, consumer demand, and expansion in food-chain industries.
Food-Grade Gases Market: By Region
Based on the geographical retrospect, the market can be bifurcated as NA (North America), APAC (Asia-Pacific), Europe, MEA (the Middle East & Africa), and CSA (Central & South America). North America will value the most eminent share for the forecast duration. Demand for fast foods & takeaway meals, numerous retail-chains and food-chain businesses, further fondness for bakery & confectionery is the motorists enhancing the market.
Food-Grade Gases Market Share and Competitor Analysis
The principal players in the global market are The Linde Group& Praxair Inc., Air Products & Chemicals Inc., Air Liquide S.A., The Messer Group GmbH, Taiyo Nippon Sanso Corporation, Wesfarmers Ltd., SOL Group, Gulf Cryo, Air Water Inc., Massy Group, PT Aneka Industri, National Gases Ltd., SIAD, Cryogenic Gases, Les Gaz Industriels Ltd.,
Please note: This is not an exhaustive list of companies profiled in the report.
In March 2020, Air Products & Chemical Inc. enrolled into an affiliation with PBF Energy Inc. for the procurement of five performing hydrogen plants for $530 million. This move will aid in adding a standard 300 million cubic feet per day of aptitude for hydrogen generation.
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The Global Food-Grade Gases Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Food-Grade Gases Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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